July 8, 2022
mayank
ICICI Prudential Gold Exchange Traded Fund Guidance
NAV IDCW : Rs 45.1932
Suitable For Which Investors ?
“Gold funds provide returns that are closely in line with the returns provided by gold.
We do not think of gold as a good long-term investment avenue and therefore we believe that investors can avoid these funds altogether. But for those retail investors who’d still prefer to invest in gold, we believe that the Sovereign Gold Bond Scheme offered by the Government of India is a better alternative. This scheme offers a guaranteed return of 2.5 per cent per year over and above the return provided by the price of gold, though the investment cannot be redeemed before a tenure of five years.”
Fund’s Investment Strategy :
The scheme seeks to provide investment returns that, before expenses, closely track the performance of domestic prices of Gold derived from the London Bullion Market Association (LBMA) AM fixing prices.
Fund Manager :
— Gaurav Chikane
Education : Mr. Chikane is a B.E. (IT) and MBA (Finance)
Experience : Prior to joining the ICICI Prudential Mutual Fund, he has an experience of 6.5 years of trading in commodities.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | — |
| Min. SIP Investment (Rs) | — |
| Min. No of Cheques | — |
| Min. Withdrawal (Rs) | — |
| Min. Balance (Rs) | — |
| Lock-in Period | Not Applicable |
| Exit Load | 0 |
Basic Details
| Fund House: | ICICI Prudential Mutual Fund |
| Launch Date: | 24-Aug-10 |
| Return Since Launch: | 7.60% |
| Benchmark: | Domestic Price of Gold |
| Riskometer: | High |
| Type: | Open-ended |
| Assets: | Rs 3,439 Cr |
| (As on 31-May-2022) | |
| Expense: | 0.50% |
| (As on 31-May-2022) | |
| Risk Grade: | — |
| Return Grade: | — |
| Turnover: | — |
ICICI Prudential Gold Exchange Traded Fund Guidance Trailing Returns (%)
| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
| ICICI Pru Gold ETF-IDCW | 5.73 | -1.43 | 0.45 | -0.05 | -1.84 | 7.27 | 6.09 | 13.04 | 11.58 | 8.69 | 4.52 |
| Domestic Price of Gold Index | 7.73 | -1.54 | 1.64 | 1.32 | -0.17 | 8.19 | 8.24 | 14.35 | 12.96 | 9.98 | 5.69 |
| Commodities: Gold | 5.31 | -1.35 | 0.08 | -0.33 | -2 | 6.56 | 5.28 | 12.92 | 11.43 | 8.59 | 4.3 |
| Rank within category | 5 | 8 | 4 | 6 | 8 | 5 | 4 | 10 | 11 | 11 | 10 |
| Number of funds in category | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 20 |
ICICI Prudential Gold Exchange Traded Fund Guidance Peer Comparison
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
| ICICI Prudential Gold Exchange Traded Fund | Unrated | Aug-10 | 6.09 | 13.04 | 11.58 | 0.50% | 3,439 |
| HDFC Gold Fund | 4 star | Nov-11 | 4.22 | 12.32 | 11.15 | 0.57% | 1,359 |
| Kotak Gold Fund Regular Plan | 5 star | Mar-11 | 3.82 | 13.21 | 11.26 | 0.55% | 1,299 |
| Nippon India ETF Gold BeES | Unrated | Mar-07 | 5.62 | 12.76 | 11.63 | 0.83% | 6,683 |
| HDFC Gold Exchange Traded Fund | Unrated | Aug-10 | 5.98 | 13.02 | 11.63 | 0.59% | 3,176 |
ICICI Prudential Gold Exchange Traded Fund Guidance by Chanakya :
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